United States — United States Commodity Futures Trading Commission & George Santos

United States — United States Commodity Futures Trading Commission: The United States — United States Commodity Futures Trading Commission is investigating George Santos for suspicious trades on Kalshi, as part of its efforts to crack down on insider trading in prediction marketplaces. This agency regulates prediction markets.

George Santos: George Santos is under federal investigation for alleged insider trading on Kalshi, where he reportedly profited from betting against his own attendance at a State of the Union address after publicly stating he would attend. This adds to his history of legal troubles and financial misdeeds.

United States — United States Commodity Futures Trading Commission: Enforced regulations by settling with Santos, imposing a fine and trading ban, demonstrating oversight of prediction markets.

George Santos: Central figure; agreed to pay $35,000 and accept a three-year trading ban, resolving the CFTC probe without admitting wrongdoing.

United States — United States Commodity Futures Trading Commission: The CFTC benefits from improved surveillance data from Kalshi, aiding its oversight of prediction markets and enforcement actions.

George Santos: George Santos was fined $35,000 by the CFTC for alleged manipulative trading on Kalshi, highlighting regulatory scrutiny of prediction market participants.

United States — United States Commodity Futures Trading Commission: The CFTC is investigating Perez for potential insider trading. The agency has championed prediction markets but is cracking down on insider abuse, reinforcing its regulatory role.

George Santos: Santos is mentioned as being investigated for similar prediction market insider trading, but he is not involved in this event.

United States — United States Commodity Futures Trading Commission: The CFTC regulates prediction markets and received Kalshi's filing for flight delay contracts; its chair Michael S. Selig has supported drug-trial contracts.

George Santos: George Santos is mentioned in the context of a DOJ investigation into insider trading on prediction markets, highlighting regulatory risks.